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Summary What was the impact of the Depression?
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Detailed notes on the global impacts of the Great Depression 1929. Great for revision! Obtained an A* overall
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What was the impact of the Depression and subsequent conferences oninternational relations?
France:
- France = unhappy as no longer getting reparation payments from Germany, worried how
they will repay US loans [Lausanne Conference] - though it was never ratified
- More distant with US as they did not agree with US desire for the abolition of reparations
- Distant with UK as they would not go back to the gold standard
- The London Conference never resolved the abolition of war debt which increased
French uncertainty
- Unhappy about Britain’s support of the abolition of reparations- though did agree at the
Gentlemen Agreement
- Worried by Germany leaving the Disarmament Conference and League of Nations
Britain:
- Isolated itself by not returning to the gold standard and having the two bloc- wasn’t
contributing to rebuilding world trade- weakened US economic position as the tariff war
stopped trade
- France desperate for Britain to return to the gold standard
- Ambivalent towards everything and everyone
- Both US and UK wanted disarmament
- MacDonald and Hoover worked with Germany to reduce reparations to 10%
- Concerned about German disarmament and them leaving the League of Nations
Germany:
- Germany becomes autarky and shows a lack of cooperation with the Great Powers
- Germany was going against the disarmament conferences by having a secret
rearmament programme that started in 1928- 5 year plan to expand army, tanks and
aircraft
- Hitler became Chancellor = left League of Nations and World Disarmament Conference
because the revisions of the T of V completely undermined it and therefore felt they no
longer had to follow it or cooperate with the other powers
- Germany used the money from reparations to rearm which went against the agreements
USA:
- US = isolationist as they left the London Conference to focus on its own recovery
- Britain’s refusal to return to the gold standard had a huge impact on world trade
- Still working with UK and agreed for the abolition of reparations
- Distant relationship with France- conflicting aims regarding the abolition of reparation
payments
- US were fighting Germany’s corner by agreeing to Lausanne
- Both US and France wanted UK to return to the gold standard as they thought the
Depression wouldn’t be as bad if they did
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